The board of directors of China Trustful Group Limited announced that (i) Mr. Law Yiu Sang, Jacky has resigned as an independent non-executive director, member of each of audit committee, nomination committee and remuneration committee of the company all with effect from 13 March 2020 due to his desire to devote more time to his personal issue; and (ii) Mr. Fei Jie, the chairman of the Board and an executive Director, has been appointed as the compliance officer of the Company with effect from 13 March 2020. Mr. Law has confirmed to the Board that he has no disagreement with the Board and that there is no other matter in relation to the Resignation that needs to be brought to the attention of The Stock Exchange of Hong Kong Limited or the holders of securities of the Company.